Wazua
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Kenya Airways...why ignore..
Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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KQ should be sold to the highest bidder, same with Mumias, Uchumi etc. When the GoK bails an inefficient business with taxes instead of creating a good business environment where these companies can thrive we can only wait for the cycle to repeat. The policy of GoK holding stakes in companies need to be revisited. The idea that these are of national importance doesn't hold. They can be sold through the stock exchange without changing the "national importance" narrative. The government should sell its stake in all matured companies including KQ, Uchumi, EAPPC, Safaricom etc and hold that money through a fund that invests in infrastructure like SGR, Konza, light railways in cities, waste management etc... Investment philosophy development in progress...
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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alotoftalk wrote:KQ should be sold to the highest bidder, same with Mumias, Uchumi etc. When the GoK bails an inefficient business with taxes instead of creating a good business environment where these companies can thrive we can only wait for the cycle to repeat.
The policy of GoK holding stakes in companies need to be revisited. The idea that these are of national importance doesn't hold. They can be sold through the stock exchange without changing the "national importance" narrative.
The government should sell its stake in all matured companies including KQ, Uchumi, EAPPC, Safaricom etc and hold that money through a fund that invests in infrastructure like SGR, Konza, light railways in cities, waste management etc... Wisdom shines in this chap @alotoftalk reminds me of @gatheuzi @stocksmaster @guru254 @minto @muganda @young.. the golden age of wazua
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:Nope to 20/-... coz at that price I will pull all stops out to buy!
KQ has 6 billion+ in cash (14/- in cash)... So the rest is worth only 6/-? 10.06.2010
KQ ABP 4.26
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:VituVingiSana wrote:Nope to 20/-... coz at that price I will pull all stops out to buy!
KQ has 6 billion+ in cash (14/- in cash)... So the rest is worth only 6/-? 10.06.2010 @obiero explain. Wanjiko wants to know what you mean from the archives. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...23980-3t25t8z/index.html
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote] Bulls eye, but NSE is sleeping on its job and won't suspend KQ until its planes are seized by creditors. Life is short. Live passionately.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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sparkly wrote:[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote] Bulls eye, but NSE is sleeping on its job and won't suspend KQ until its planes are seized by creditors. Drastic steps need to be taken. Unfortunately, the ones in charge are clueless and they are buying hogwash from the CEO. The Company is totally insolvent. The operating profit to be reported in the half year results will still be wiped out by the hedging losses and finance costs. The only thing that will prop up the half year results are the proceeds from the sale of assets. I am very sure Ngunze deliberately dragged the receipt of the proceeds in order to shore up the half year results to fool us.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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ArrestedDev wrote:sparkly wrote:[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote] Bulls eye, but NSE is sleeping on its job and won't suspend KQ until its planes are seized by creditors. Drastic steps need to be taken. Unfortunately, the ones in charge are clueless and they are buying hogwash from the CEO. The Company is totally insolvent. The operating profit to be reported in the half year results will still be wiped out by the hedging losses and finance costs. The only thing that will prop up the half year results are the proceeds from the sale of assets. I am very sure Ngunze deliberately dragged the receipt of the proceeds in order to shore up the half year results to fool us.  standing ovation! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote This is not the pride of africa any longer.Its now the shame of africa. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Ebenyo wrote:[quote=ArrestedDev]Food for thought. Quote:Curiously, people are buying the shares at Sh4 each on the Nairobi Securities Exchange. As for me; you would have to bribe me with Sh25 per unit for me to accept them! Anyone buying these shares is either a genius who knows something that the rest of us don’t, or a reckless person who doesn’t know what they are doing.
In 12 months from March 31, 2016, Kenya Airways expects to receive a total of Sh29.7 billion and to pay out Sh73.5 billion. Therefore, it needs to look for Sh43.6 billion just to survive up to March 31, next year. Looking a little deeper, we find that, if the company shuts down, it won’t even have enough cash to refund customers for tickets sold in advance! http://www.nation.co.ke/...3980-3t25t8z/index.html[/quote This is not the pride of africa any longer.Its now the shame of africa. I will keep quiet for now.. Media on a paid trip to kill KQ turnaround efforts
KQ ABP 4.26
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